Month: July 2018

Caltex Australia (ASX:CTX) today announces that it has entered into a new fuel supply agreement with Woolworths (ASX:WOW), and expanded its partnership with Woolworths to include the co- creation of a market-leading convenience offering as well as long term wholesale grocery supply, loyalty and redemption arrangements.

Key points

Caltex and Woolworths have entered into a new 15 year fuel supply agreement.

Caltex and Woolworths have agreed to co-create a market-leading convenience retail offering, across approximately 250 Caltex retail sites. The sites will be co-branded with for the convenience retail offering.

Caltex and Woolworths have also entered into commercial arrangements covering wholesale grocery product supply, redemption and Caltex’s participation in the Woolworths’ Rewards program that will further enhance Caltex’s convenience offering.

Partnership represents a significant milestone in the transformation of Caltex, building on our prior efforts on Convenience Retail, and will both accelerate and strengthen our Freedom of Convenience Strategy.

The fuel supply agreements and commercial arrangements are not subject to any conditions precedent or regulatory approvals.

Steps taken to replace the earnings expected to be lost, had Woolworths sold its fuel business, will now enable Caltex to deliver earnings growth given retention of fuel supply agreement and other commercial arrangements announced today.

Continuing a strong relationship in wholesale fuel supply

Caltex is pleased to announce that it has signed a new long term wholesale fuel supply agreement with Woolworths, ensuring the safe and reliable supply of high quality fuels to Woolworths for the next 15 years. In consideration of Woolworths entering into the new wholesale fuel supply agreement, Caltex will make a one-off payment of approximately $50 million in July 2018. The new fuel supply agreement is on terms that represent a $80 million reduction in annual EBIT to Caltex, relative to the current contract.
This new agreement will importantly allow Caltex to continue to realise benefits from its integrated supply chain, including the value created by sourcing volumes through its Ampol Singapore business, higher utilisation levels of infrastructure and distribution networks, and by serving customers through the largest site network in Australia. The new fuel supply agreement is stapled to the Woolworths’ sites, regardless of ownership, providing certainty of supply for Caltex. This maintains Caltex’s position as the leading provider of transport fuel in Australia, and enables Ampol to continue its growth as a major regional fuel supplier.

Under the new convenience agreement, Caltex and Woolworths will co-create and rollout a co-branded market-leading convenience offering under the banner across up to 250 Caltex sites, with 50 sites rolled out within the first two years. By partnering with Woolworths, Caltex will draw on the scale and capabilities of the Woolworths’ fresh food business, while also capitalising on the success to date of its Foodary rollout.

All stores will continue to be operated by Caltex as part of the Caltex network, with Caltex paying Woolworths a royalty for use of the banner.

Caltex has already seen positive early results from its own Foodary convenience store concept which has confirmed the merits of the decision to develop a convenience retail offering, and has provided learnings integral to the development of the convenience agreement with Woolworths. Prioritising development of this new convenience offering with Woolworths is expected to accelerate and strengthen Caltex’s Freedom of Convenience strategy. The Foodary concept will continue to play an important role across Caltex’s broader network.

Caltex and Woolworths have also entered into a range of agreements in relation to wholesale grocery supply, Caltex’s participation in the Woolworths Rewards program as a core partner, and an expanded redemption program. These agreements will create a platform to accelerate growth of Caltex’s convenience retail business:

Caltex will become a core Petrol and Convenience (P&C) business partner in the Woolworths Rewards program, entitling eligible customers to earn and redeem Woolworths Rewards points on eligible fuel and in-store merchandise purchases.

The existing redemption network will be expanded from 104 sites to 229 sites with these sites offering the Woolworths’ fuel discount redemption under similar terms to current stores.

In December 2016, Woolworths announced the sale of its fuel network to another party. While naturally disappointed that the long standing fuel alliance between Woolworths and Caltex was expected to come to an end, Caltex believed it was important to exercise financial discipline in pursuing growth.

Caltex pursued a number of other, lower cost growth opportunities through M&A (Gull NZ, Milemaker, Seaoil) and cost savings (Quantum Leap, debt refinancing). These growth initiatives are now additive to the benefits to be delivered through the new fuel supply and retail agreements with Woolworths, and are expected to deliver strong earnings growth for Caltex.

Caltex MD and CEO, Julian Segal said “The alliance with Woolworths will allow Caltex to provide a very competitive convenience retail offering to its customers, along with an expanded redemption and new loyalty offering.

It represents a significant milestone in the transformation of Caltex. Not only do these agreements secure the long-term supply of quality fuel to the Woolworths sites, but they accelerate our Freedom of Convenience Strategy and confirm Convenience Retail as a core business alongside Fuels & Infrastructure.”

Caltex forecasts its retail commercial arrangements with Woolworths should deliver results towards the top end of the range previously communicated to the market in February ($120 million to $150 million EBIT uplift in 5 years), with greater execution certainty, and capex that is broadly consistent with prior expectations. Capex guidance for 2018 will be updated at the 1H 2018 result on 28 August 2018.

PUFF Crust is back!

You asked – we delivered! Domino’s has reinstated its popular puff pastry to its national menu, following demand from customers on social media.

Customers can add puff crust to any Value, Traditional or Gourmet pizza for only $2 extra for a limited time only* or enjoy a Supreme pizza on puff pastry from just $7.99*, each pickup.

About Domino’s Pizza

Domino’s has found the perfect balance between quality, value, and pure, unadulterated satisfaction with over 110 locations nationwide ready to fill New Zealand’s rumbly tummies. The Real Tasty menu has recently launched, bringing with it 20 new pizzas and sides over 20 weeks, giving you the opportunity to discover a new favourite or to treat the rest of the household to an eight-slice dinner made in heaven. Heaven, of course, being your nearest Domino’s pizzeria which you can find by using their handy Store Finder.

Conditions

Valid from Nov 6, 2017
Expires Dec 6, 2017
Limit: 3 per user
Conditions apply. Pick up orders only. The voucher code is only redeemable online at dominos.co.nz or Domino’s iPhone, iPad or Android ordering apps. The voucher code is valid for one use only. $2 surcharge applies for each additional topping, half ‘n’ half pizzas and the Edge pizzas. $2.99 extra for Gluten Free pizzas. $3.99 extra for Cheesy Crust pizzas. No half ‘n’ half or substitute toppings allowed with Value Range pizzas. Limit of 1 coupon of each type (Value/Traditional/Gourmet) per transaction/order. Price includes GST. DOMINO’S, the Tile Device, the slogan PEOPLE,POWERED,PIZZA are trademarks or registered trademarks of Domino’s IP Holder LLC in New Zealand. Valid for deep pan, or thin and crispy. Valid for one pizza only. Only valid for pizza range stipulated on coupon. Valid seven days from 11am onwards. No refunds unless required by law. No cash back. Not to be used with other offers.See the rules that apply to all deals.

Save big on flights within Australia with Jetstar Australia Day flight sale.

Jetstar is well known for its incredible flight sales – and Australia Day certainly is no exception. Whether it’s offering free return flights or giving the gift of savings to intrepid travellers on its birthday, you can always count on this carrier for a bargain.

For its 2017 Australia Day sale the airline offered flights within Australia starting at just $29 each way to every corner of the country. Although this year’s sale has now ended, there’s still cheap Jetstar flights to be had.

Gift Card Balance

If you want to understand the kind of thinking fueling Kohl’s(KSS, +0.50%) return to form of late, look no further than its newly announced partnership with discount grocer Aldi.

The company, which on Thursday reported its largest quarterly comparable sales gain since 2001, is planning to free up space at five to ten of the hundreds of stores it is making smaller to the German food retailer. Kohl’s has been shrinking, but not closing, hundreds of its stores to make them easier to manage, navigate, and maintain. The company said it would look for partners to take up the freed space. (Macy’s and Sears have made similar moves but on a more modest scale.)

Aldi, a well established grocer offering very low prices, is now facing new competition from fellow Germany low-price grocer Lidl, which arrived on American shores last year in an aggressive launch, and this partnership with Kohl’s will allow it to update its store fleet. As for Kohl’s, having a food store co-locate (the stores will be separate and customers won’t really notice they share the same box), is likely to bring a new customer to those locations and potentially help it diversity its clientele. Specifically, the Aldi stores could help Kohl’s siphon off some business from Target(TGT, +1.20%), which is working on renewing its food business and with which Kohl’s occupies many strip malls.

Mystery Deal

Friday 2nd February 2018

Short Form of Promotion Rules:

The Mystery Deal promotion is available only on Tuesday 6th ,13th , 20th and 27th February 2018 from 0h until 23.59h or during shop opening hours. Offer is valid for one mystery product to be disclosed in store on each of the given promotional dates. Excludes any other Night ‘n Day product. Limit one per person. While stocks last. Valid in participating stores only. Offer not available in conjunction with any other promotion. Manager’s discretion applies.

Terms and Conditions:

1. The company is Night ‘n Day, 268 Stuart Street, Dunedin.

2. This Mystery Deal promotion is valid every Tuesday in February 2018. Excludes any other Night ‘n Day product. Valid in participating stores only. While stocks last.

3. The promotion starts at 0h until 23.59h or during shop opening hours on Tuesday 6th, 13th, 20th, and 27th February 2018.

4.Limit of one per person only.

5. Manager’s discretion applies.

6. This promotion is not valid in conjunction with any other offer or discount.

7. The promotion is open to all public during the promotional period.

8. Night ‘n Day has the right to extend the promotion period if required.

9. Night ‘n Day will not be held responsible for the promotion not properly received for any reason, whether or not caused by the company.

10. Night ‘n Day reserves the right to terminate or change the promotion or any or all of specifications of the promotion at any time without notice.

11. If for any reason this promotion is not capable of running as planned, due to any cause beyond the control of Night ‘n Day, the promotion may be abandoned or postponed at the unfettered discretion of Night ‘n Day. Night ‘n Day accepts no responsibility for such an event.

Privacy Statement:

12. Your privacy is important to us. The details you provide will be held confidentially by Night ‘n Day. Only Night ‘n Day has access to this information.

Woolworths has shrugged off a failed deal with BP to ink a new long term alliance with Caltex as the supermarket chain continues to look at either floating its petrol business or selling it off.

The four cents a litre discount deal for Woolworths shoppers will be expanded to 125 Caltex sites, adding to the 638 Woolworths rewards redemption sites.

Under the 15-year supply deal, Caltex will make a one-off payment to Wooolworths of $50 million. The new fuel supply agreement is on terms that represent a $80 million reduction in annual earnings to Caltex compared to the old contract.

Today Woolworths announced a new strategic alliance and 15-year wholesale fuel supply agreement with Caltex but says it will continue to pursue an initial public offering or sale of the petrol station business.

The deal includes an agreement by Caltex and Woolworths to co-create a convenience retail offering, across 250 Caltex retail sites. The sites will be co-branded.

“While we were disappointed with the termination of the BP agreement, we believe the customer benefits of our alliance with Caltex, combined with a new fuel supply agreement will allow us to deliver a compelling outcome for both our customers and our shareholders,” says Brad Banducci, the CEO of Woolworths.

“Customers will have access to an extended redemption and loyalty network and an exciting new convenience food format.

“The Woolworths Petrol business is in a good position to pursue its own growth agenda supported by a highly competitive fuel supply agreement and a strengthened management team, all underpinned by solid links to the Woolworths food business.”

Woolworths expects the pre-tax benefit from the deal to exceed $80 million a year.

Jetstar has today launched one of its biggest ever sales with more than 200,000 free return flights available to dozens of destinations including Hawaii, Bali, Vietnam, Thailand, Japan, Gold Coast and Perth.

Customers can book a return trip and only pay for the departing flight. The fares are available for selected flights on almost 80 domestic and international routes departing from 18 Australian cities.

Jetstar CEO Gareth Evans said the sale was launching today to mark 14 years since the airline commenced operations.

“Since we launched Jetstar in May 2004, with 14 aircraft flying to 13 destinations we have grown to more than 130 aircraft flying to more than 85 destinations across Australia, Asia and the Pacific,” Mr Evans said.

“We are famous for our low fares and last year we sold 24 million seats – or two thirds of all seats sold – for less than $100.

“It’s fitting that we celebrate our birthday with one of our biggest sales on record, giving travellers the opportunity to take a holiday and return for free.”

International flights

Melbourne and Sydney to Hawaii, return from $339

Melbourne and Sydney to Ho Chi Minh City return from $259

Brisbane to Bali return from $259

Melbourne to Bali return from $299

Sydney to Bali return from $279

Perth to Bali return from $169

Sydney to Phuket return from $289

Cairns to Tokyo, return from $289

Melbourne to Auckland, return from $179

Sydney to Christchurch, return from $169

Domestic flights

Brisbane to Uluru return from $169 (new route)

Brisbane to Sydney return from $99

Launceston to Melbourne from $59 return

Melbourne (Avalon) to Sydney return $49

Adelaide to Melbourne (Avalon) return from $49

Melbourne to Gold Coast return from $99

Adelaide to Brisbane return from $121

Melbourne to Perth return from $191

Brisbane to Melbourne return from $111

The ‘Return for Free’ fares are only available on Jetstar.com for Starter fares on selected travel dates throughout 2018 and early 2019. Excludes checked baggage. Sale starts at 12:01am AEST 1 May 2018 and ends at 11:59pm AEST Wednesday 2 May 2018 unless sold out prior. Availability is limited and conditions apply.

Jetstar launched sale on many domestic routes! Fares are starting as low as AU$35 each way!

jetstar have the most affordable domestic flights from all major cities in Australia. For Travellers hoping to snag a discount airfare to an Australian holiday destination or a cheap overseas flight? Look no further than Jetstar! A reputable low cost airline, Jetstar is owned and operated by the Qantas Group since May 2004, winning multiple awards including Skytrax Best Low-cost Airline – Australia/Pacific in 2011, 2012 and 2013. Jetstar offer great service without all the extras. Choose Jetstar for your next international or domestic flight and book online with Webjet.

“97 per cent of our customers are women and this campaign represents why they keep coming back into our stores. We are the destination for both inner and outer beauty, demonstrated by our extensive product range and in-store services across both health and beauty,” said Mark O’Keefe, general manager marketing – Priceline Pharmacy.

The pharmacy provides expert advice in store through its beauty advisors and pharmacists, as well as its wide range of over 18,000 products across health and beauty. To bring the campaign to life for customers Priceline Pharmacy’s international make-up director, Rae Morris, has created tutorial videos teaching women how to personalise their makeup and skincare routines to suit specific skin types.

Beauty advisors will be providing these expert lessons in stores through one-on-one consultations. To complement the tutorials, several short online videos have been created featuring Priceline Pharmacy’s celebrity ambassadors, known as Priceline Sisters, explaining what beauty means to them and sharing their favourite health and beauty tips.

Priceline Pharmacy is also engaging customers through its Sister Club loyalty program with an online “Beauty of You” survey asking women a wide array of health and beauty questions in order to develop a summary of the beauty of Australian women today.

To emphasise the beauty message of this campaign Priceline Pharmacy launched the new version of its 100 per cent Woman ad series, features snapshots of Australian women engaging in their own unique beauty moments, appearing across TV and online.